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Gannett Co Inc (GCI)

GCI on New York Consolidated

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22 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Gannett sets quarterly cash dividend of $0.16 per share
Tuesday, 19 Jul 2016 05:06pm EDT 

Gannett Co Inc :Sets regular quarterly cash dividend of $0.16 per share.  Full Article

Gannett acquires North Jersey Media Group
Wednesday, 6 Jul 2016 11:55am EDT 

Gannett Co Inc : Gannett acquires North Jersey Media Group . Expects acquisition to contribute approximately $90 million in annual revenues . Acquired certain assets of North Jersey Media Group, including Record (Bergen County), Herald News, and affiliated digital properties . Following acquisition, gannett operates USA Today and 109 dailies in 34 states and Guam, in addition to Newsquest in U.K. .Says also included in sale are Community News Group, Magazine Group, and Events Group.  Full Article

Gannett Co to acquire digital marketing solutions company Reachlocal Inc
Monday, 27 Jun 2016 04:15pm EDT 

Gannett Co Inc : Gannett to acquire digital marketing solutions company Reachlocal Inc . Deal for total enterprise value of approximately $156 million . Gannett expects this transaction to be approximately neutral to earnings per share in its first full year . Deal for $4.60 per share in cash . Gannett expects transaction to be modestly accretive in its second full year . Under terms, subsidiary of Gannett will commence tender offer for all outstanding shares of reachlocal for $4.60 per share in cash . Gannett co inc says transaction has been unanimously approved by boards of directors of both companies . Initially, Reachlocal will expand co's digital revenue by roughly 50% with more than 16,000 customers throughout north america, latam etc .Following closing of tender offer, in a second-step merger requiring no stockholder approval, co will acquire remaining reachlocal shares.  Full Article

TheStreet appoints USA Today editor-in-chief David Callaway as CEO
Thursday, 9 Jun 2016 07:45am EDT 

Thestreet Inc : Larry kramer to return to post as non-executive chairman of board . Larry s. Kramer , interim ceo, will step down and resume his position as non-executive chairman of board . Announced appointment of usa today editor-in-chief david callaway as chief executive officer .Thestreet appoints news veteran david callaway as chief executive officer.  Full Article

Gannett says continues to believe Tribune board should engage constructively with it
Tuesday, 7 Jun 2016 07:30am EDT 

Gannett : Continues to believe that Tribune board should engage constructively with Gannett . Believes it is imperative for due diligence to occur given apparent series of changes inside Tribune that may diminish its value to co .Issues statement regarding its $15.00 per share all-Cash premium offer to acquire Tribune Publishing Company.  Full Article

Gannett said leaning toward dropping its bid for Tribune - Bloomberg reporter Alex Sherman tweets
Thursday, 2 Jun 2016 11:53am EDT 

Gannett said leaning toward dropping its bid for Tribune : Bloomberg reporter Alex Sherman tweets.  Full Article

Gannett "urges" Tribune stockholders to "withhold" votes from election of Tribune directors
Thursday, 26 May 2016 07:30am EDT 

Gannett Co Inc : Gannett "urges" Tribune stockholders to "withhold" votes in connection with Tribune annual meeting . Will review whether to proceed with acquisition offer taking into account results of "withhold" vote at Tribune's 2016 annual meeting ."urges Tribune stockholders to vote gold proxy card to "withhold" votes from election of all eight Tribune directors".  Full Article

Tribune Publishing says Glass, Lewis & Co recommended shareholders vote "for" all of co's directors
Wednesday, 25 May 2016 08:30am EDT 

Tribune Publishing Co :Glass, Lewis & Co recommended Tribune shareholders vote "for" all of co's directors, not support Gannett's withhold campaign.  Full Article

Tribune Publishing invites Gannett to conduct review of confidential information
Monday, 23 May 2016 07:36am EDT 

Tribune Publishing Co :"We invite Gannett to begin conducting a review of confidential information" - SEC filing.  Full Article

Oaktree Capital comments on Tribune Publishing-Gannett deal
Monday, 23 May 2016 06:42am EDT 

: Believe it incumbent upon tribune publishing's board to establish an independent committee with its own independent advisors . Would be in best interests of tribune shareholders for independent committee to evaluate, respond to gannett’s proposal . Independent committee to consider gannett’s proposal and determine tribune’s response . Never received a $15 per share offer for tribune publishing's shares from an independent third party - sec filing . On may 20, tribune chairman ferro asked if we would sell our shares to unidentified party . Declined to sell shares to unidentified party; better price than $15per share to be available if board engaged "constructively" with gannett .Do not know anything about identity of "purported buyer" of tribune's shares or whether deal could have been arranged.  Full Article